Major components of the Medicare and Medicaid programs
Full Answer Section
three major components of Medicare are:- Part A: Hospital Insurance. This part covers inpatient hospital care, skilled nursing facility care, home health care, and hospice care.
- Part B: Medical Insurance. This part covers physician services, outpatient hospital care, durable medical equipment, and some preventive services.
- Part D: Prescription Drug Coverage. This part covers prescription drugs.
- Ambulatory Care Services: This component covers doctor visits, preventive care, and other outpatient services.
- Long-Term Care Services: This component covers nursing home care, home health care, and other long-term care services.
- Medicaid for Children: This component covers children from low-income families.
- Medicare Part D Donut Hole: The Medicare Part D Donut Hole is a gap in coverage for prescription drugs. When a Medicare beneficiary reaches the Donut Hole, they must pay the full cost of their prescription drugs until they have spent a certain amount of money.
- Medicaid Gaps for Working Adults: Medicaid does not cover all working adults. In some states, working adults must have very low incomes to qualify for Medicaid.
- Medicaid Gaps for People with Disabilities: Medicaid does not cover all people with disabilities. In some states, people with disabilities must have very low incomes to qualify for Medicaid.